When Is a Demand Instrument,such as a Check,payable

question 43

Multiple Choice

When is a demand instrument,such as a check,payable?

• A) As soon as it is issued.
• B) Twenty-four hours after it is issued.
• C) Two days after it is issued.
• D) At midnight the day it is issued.
• E) One hour after it is issued.

---

Definitions:

Consumption

The use of goods and services by households, which is a primary component of GDP.

Workers

Individuals engaged in any form of employment for compensation.

Firm

A business organization or entity engaged in commercial, industrial, or professional activities, designed to provide goods or services for profit.

Hire

The act of giving someone a job; it involves agreeing to employ an individual under specified terms.